Whether you’ve recently retired or are planning to soon, we have the expertise and services to help you confidently make the most of your income in retirement.
How we can help you with your retirement
Keep more of your income with low fees
We have some of the lowest fees in the market^3. A recent cut to our retirement income stream fee further reduces the overall cost of your pension - meaning you could be around $6,000^4 or more better off in retirement.
We work hard to make sure our focus remains on delivering strong long-term performance^5 for our members. Thanks to a disciplined investment approach and our size and scale, we’re able to continue to drive down costs for members.
Investments managed for your retirement
Access to a reliable income stream is key to meeting your retirement goals. That’s why we treat investing for retirement income streams differently to super, and balance the need to help create a sustainable income with the need for returns above inflation.
We focus on long-term investing, so while your retirement income may experience some negative returns during periods of extreme market ups and downs, we only take on risk that aims to adequately reward you over the long term.
Help, support and advice designed for you
Our members have told us that reaching out for help, getting advice and having a plan can be a huge relief. It’s a great way to become confident you understand the most effective ways to manage your money and plan for the future.
Retirement planning can be complex, so we have over 200 advisers and 25 years of specialist retirement experience to call upon for advice designed just for you. And being a member-owned financial advice network, you’ll receive sound, ﬁnancial advice.
You can also access free retirement planning webinars with information to help you make the right financial decisions at this time.
Putting members first and benefiting the community
As investors and responsible owners, being aware means supporting our communities and the economy, which is why we invest responsibly for the future in assets that make a positive difference today. Assets that create jobs, address climate change and strengthen our communities, as well as providing strong long-term returns^5.
We’re open to all Australians and proud to work for those who are working so hard for all of us.
Ready to explore your retirement options?
Whether retirement is just around the corner, or still a few years away, we can help. You can choose between two options:
Option 1 - Ease into retirement on your terms with a Transition to Retirement Income Stream (TRIS)
A TRIS allows you to reduce your work hours and access your super as additional income when you reach your preservation age. And there are some great tax benefits from age 60.Learn more about TRIS
Option 2 - Get even more flexibility with a Retirement Income Stream (RIS)
Enjoy the freedom to receive regular payments once you’ve stopped working by setting up a RIS. All income you withdraw, including cash lump sum payments, is 100% tax free.Learn more about RIS
DEXX&R Industry Market Share Report, March 2020 ↩
First State Super, figures as of 14 April 2020 ↩
The total annual fee (inclusive of admin and investment fees) for our Accumulation Fund Growth option is 1.10% p.a., the industry average is 1.43% p.a., Chant West Super Fund Fee Survey, March 2020, based on a $50,000 balance in a Growth option. ↩
Based on the Retirement Income Stream product fees from 1 April 2020 (when compared with Retirement Income Stream product fees prior to 1 April 2020), with a starting balance of $250,000, default balanced growth investment option, over 25 years from age 60, assuming a net investment return of 6% p.a. and inflation of 2.5% p.a., starting with an indexed annual pension payment amount of $12,500. ↩
The First State Super Growth option as sourced from the SuperRatings Fund Crediting Rate Survey for the Super Ratings SR50 Balanced (60-76) Index delivered a rolling 10 year return to 31 May 2020 of 7.77%. This is compared to the SR50 Balanced (60-76) Index median rolling 10 year return to 31 May 2020 of 7.13%. Returns are calculated net of investment fees, tax and implicit asset-based administration fees. The SR50 is an index of 50 super funds whereby each fund is assessed on criteria such as their size, history of returns and allocation of assets to growth assets between 60 -76 percent of the investment. This disclaimer is related to the First State Super accumulation product. Past performance is not a reliable indicator of future performance ↩